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178 878 €

Investment project in Lincoln, United Kingdom, 33.4 sq.m
  • Investment project in Lincoln, United Kingdom, 33.4 sq.m - picture 1
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  • Property ID on Prian.info: 3406595
    Last update: 12.01.2024
    Number of views: 8356

178 878 €

Investment project in Lincoln, United Kingdom, 33.4 sq.m

33 sq.m 8% per year
Online Viewing Remote Transaction Business on sale

  • On the map
  • Property ID on Prian.info: 3406595
    Last update: 12.01.2024
    Number of views: 8356

Specifications

Sale price 178 878 €
Price per square meter 7 187.79 €
Floor area 33.4 sq.m
Construction phase New building
Date of construction 2021
Number of storeys 1
Parking 1 place
Address United Kingdom, Lincoln

Business on sale


Additional services

  • Property management company
  • Online viewing is available
  • Opportunity of a remote transaction

Finance

Profitability
Annual return 8 %

Return (initial profitability) - rental income (excluding expenses) / price of the object excluding expenses*100%

Annual income 14 316 €

Annual rental revenue, excluding operating expenses

Cash flow for the year 14 316 €

Annual rental revenue, including operating expenses and credit, before taxes


Description

The hotel is built and functioning, all cottages have been replaced with new ones and sold to investors. For sale three apartments in a building with a common infrastructure at the entrance to the hotel.

Commercial terms of investment:

  • Prices:
    £150,000 for a 1-bedroom apartment of 33.4 sq.m
    £180,000 for a 2-bedroom apartment of 47.6 sq.m
    £220,000 for a 4-bedroom apartment of 100.8 sq.m
    The price includes a leasehold on land with an area of 1.5-2.5 acres for 250 years, the right to which is registered in HM Land Registry
  • Yield - fixed 8% per annum for 10 years with annual indexation for inflation
  • 2 repurchase options:
    For 105% | 107% | 110% in 5/7 | 10 years -initiates the investor
    For 110% | 112% | 115% via 3| 4| 5 years -initiates the developer
  • Income immediately. Payments quarterly
  • Personal use 2 weeks a year (you can stay in any cottage of the network)
  • The pandemic, according to the contract, is NOT a force majeure circumstance, therefore the Criminal Code is obliged to pay income to investors in any case
  • All repair and insurance costs are borne by the Management Company

The country hotel is located in the Yorkshire and the Humber region, which is chosen by 20% of travelers in Britain (Barclays Bank report for 2019). It is convenient to get to it from the cities of the North-West of England - Manchester, Liverpool, Sheffield, Leeds - in 1.5-2.5 hours. The North-West is home to 7 million people - it is the third most populous region in the UK after London and the South-East.

Management of a large operator, on the market since 2002, under the management of more than 20,000 objects.

Hotel facilities:

- shop;

- restaurant, bar and coffee bar;

- golf;

- fishing;

- boat rental;

- bicycle rental;

- play area for children;

- SPA;

- table tennis court;

- swimming pool;

- cinema;

- billiards;

- picnic area;

- an area for playing the X-Box and Playstation.


Contact seller

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Representative

Julia Tsorgaeva
Senior Consultant, International Investment Department
Languages: english
Show phone number



Seller
Julia Tsorgaeva Senior Consultant, International Investment Department

Intermark Global

Languages: english
Contact seller
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